BullionVault – The Gold Price fell sharply against a strong US Dollar on Monday morning, falling through what one Asian dealer called "technical and psychological support at $942" to record the lowest Gold Fix so far this month at $937.50 an ounce.

Crude oil sank below $66 per barrel, while base metals and silver lost more than 3%.

Adding to Friday’s 0.7% loss despite news that France and Germany crept out of recession between April and July, world stock markets sank 1.4% early Monday on average – the biggest one-day loss in more than six weeks – after Japan reported 0.9% growth in its second-quarter GDP.

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Tags: base-metals, crude oil, early monday, gdp, germany, gold price, japan, monday-morning, ounce, psychological support, quarter gdp, recession, second-quarter, six weeks, world stock markets

Boston Business Journal – Just days after winning regulatory approval for the manufacture and marketing of its cancer therapy for bladder cancer, Indevus Pharmaceuticals Inc. disclosed that a North Carolina hedge fund has acquired 8.5 percent of its common stock.

Lexington, Mass.-based Indevus made the announcements via regulatory filings late Friday and early Monday with the Securities and Exchange Commission.

On Friday, the company said the U.S. Food and Drug Administration had approved its supplemental new drug application for Valstar, a therapy that aims to treat bladder cancer through an injectable technology.

Valstar was first approved by the FDA in 2002, however design as well as manufacturing issues have prevented Indevus from marketing the drug in the United States since 2002.

Indevus said it intends to market Valstar during the second half of this year.

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Tags: bladder cancer, boston business journal, cancer therapy, common stock, drug application, early monday, fda, food and drug, food and drug administration, indevus pharmaceuticals inc, marketing, north carolina, regulatory approval, regulatory filings, second half, securities-and-exchange, securities-and-exchange-commission, valstar

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